W.W. Grainger reported second-quarter revenue of $4.55 billion, a 5.6% year-over-year increase that edged past the Zacks Consensus Estimate of $4.52 billion. Earnings per share came in at $9.97, slightly below the $10.00 consensus and up from $9.76 a year ago. The company's total reported growth was 5.1%, exceeding the 4.8% analyst forecast. Within its segments, High-Touch Solutions North America net sales were $3.54 billion, just shy of the $3.55 billion estimate, while Endless Assortment net sales surged 19.7% to $929 million, well above the $887.37 million projection. Operating earnings for High-Touch Solutions were $589 million, missing the $609.17 million estimate, but Endless Assortment operating earnings of $92 million topped the $76.73 million forecast.
WW Grainger IncQ2 revenue beat estimates and EPS rose year-over-year, though EPS slightly missed consensus.
